Tesco reveals £540m FRS17 deficit in DB scheme

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UK - Supermarket giant Tesco has revealed a £540m FRS17 deficit in its £1.5bn final salary scheme.

Preliminary accounts show that the Tesco Pension Scheme had a net FRS17 deficit of £540m at February 22, against £127m last year. Had the supermarket chain fully implemented FRS17, its £1.3bn annua...

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